This content is from: European Union Why the European Commission's FTT could spawn disputes Taxpayers affected by the European Commission's financial transaction tax (FTT) and member states outside of the FTT zone should consider mounting challenges over the legality of the tax, advisers say. By Joe Dalton February 28 2013
This content is from: Russia Russian Supreme Arbitration Court expresses its view on issuance of corrective VAT invo... Alexei Matveev of Ernst & Young looks at ambiguity in Russian VAT law concerning granting retroactive bonuses. February 27 2013
This content is from: United Kingdom BAA loses UK Court of Appeal case on VAT treatment of acquisition costs The Court of Appeal has delivered bad news for the UK airports operator, which will not be able to recover VAT on professional fees for advice in connection with the acquisition of BAA by a holding company. By Salman Shaheen February 27 2013
This content is from: European Union Commission to take UK to court over reduced VAT rate on energy saving products The European Commission will take the UK to court over its refusal to scrap the reduced rate of VAT on the supply and installation of energy saving products for the home. By Emma Powell - ITR February 27 2013
This content is from: Indirect Tax Indirect Tax Leaders Guide 2013 - nominations open Who are the leading indirect tax advisers around the world? Nominate now. February 26 2013
This content is from: Direct Tax What you have missed on ITR Premium FAS 109; Australian R&D; Camp & Levin; US/EU trade agreement; US FTT; US SC PPL; Hong Kong disputes February 25 2013
This content is from: China China may introduce carbon tax to reward investment in environmentally-friendly projects The Chinese government may introduce a tax on carbon dioxide emissions that will reward taxpayers who invest in projects that enhance environmental protection. However the timing of the implementation of the tax may d... By Emma Powell - ITR February 25 2013
This content is from: United States US/EU trade agreement may eliminate duties on products across all sectors The EU and US have launched negotiations for a free trade agreement that could eliminate all duties and duty-quotas on items traded between the regions. The deal is a response to a lack of progress in trade liberalisa... By Emma Powell - ITR February 20 2013
This content is from: United States US FTT proposed to tackle risky financial trading A proposal for a domestic financial transaction tax (FTT) is due to be reintroduced in Congress in the coming weeks. However some tax professionals believe it is unlikely that it will succeed. By Emma Powell - ITR February 19 2013
This content is from: Direct Tax What you have missed on ITR Premium UK government compliance; IAS 12; US bias for debt; Germany group taxation rules; EC FTT; OECD VAT; Amazon and Overstock; BNY Mellon February 18 2013
This content is from: European Union Details of European Commission’s FTT announced The European Commission’s financial transaction tax (FTT) has been on the horizon for more than a year, but the details have finally emerged. By Salman Shaheen February 14 2013
This content is from: United Kingdom UK case enforces need for diligence to combat missing trader fraud The need for taxpayers to exercise diligence when sourcing supplies has been reinforced by the victory of mobile phone companies Unistar Group and Unistar Trading over withheld VAT payments. The case is a symptomatic ... By Emma Powell - ITR & Salman Shaheen February 13 2013
This content is from: Australia Australia’s mining tax revenue shortfall could lead to redesign Australia’s mining tax, the minerals resource rent tax (MRRT), continues to come under fire for the lack of revenue it is bringing in, leading to the possibility of the tax being redesigned. By Matthew Gilleard February 13 2013
This content is from: European Union OECD draft VAT guidelines may remove the need for an anti-abuse provision Internal recharges for supplies made between entities within the same group could become subject to VAT for the first time under EU law if member states adopt guidelines put forward by the OECD. The proposal may make ... By Emma Powell - ITR February 13 2013
This content is from: China Provinces flock to join China’s VAT pilot More than 10 provinces want to join China’s VAT pilot in a sign of its success. By Salman Shaheen February 13 2013
This content is from: United States What you have missed on ITR Premium Australian regulation; IRS information reporting councils; bonus deferral; US economic recovery; Indian indirect tax; OECD VAT draft; ATO High Court; BGZ Leasing case February 11 2013
This content is from: India India unlikely to increase indirect tax but more products may fall into its net The Indian government is unlikely to increase the rate of indirect taxes in its forthcoming budget despite a shortfall in the Revenue’s collection target. By Emma Powell - ITR February 06 2013
This content is from: United States US taxpayers concerned about VAT introduction The US is irregular among developed economies in that it lacks a VAT. But companies are becoming increasingly worried that one might be introduced. By Salman Shaheen February 06 2013
This content is from: Indirect Tax OECD releases draft guidelines to clarify VAT on services and intangibles The OECD has released draft guidelines for VAT and GST clarifying the tax location for services and intangibles purchased for use by multiple entities within a group. By Emma Powell - ITR February 06 2013
This content is from: United Kingdom PAC hearing shows gulf between Big 4 and public opinion: COMMENT Round two of the UK Parliament’s Public Accounts Committee (PAC) hearing on tax avoidance saw Margaret Hodge MP land a number of damaging blows on tax leaders of the Big 4 accountancy firms, but few preconceived opini... By Salman Shaheen February 01 2013
